Fairfax Financial to monetize $1.9 billion stake in Poseidon
For cedants and brokers, Fairfax’s ability to generate large cash inflows from long‑held investments such as Poseidon, while retaining a…
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Insurance moves: Aon, Markel, Patriot Growth, Old Republic, Foley Hoag and MAXIS GBN
They include a new chief information officer and a new CEO Source link
M&A moves: Inszone buys Jaffrey Insurance; Risk Theory makes first MGA acquisition
Dallas‑based Risk Theory, founded in 2013, has built a portfolio of 15 specialty programs across seven brands through organic program…
Georgia court throws out $345 million award against Darlington School’s insurers
Philadelphia Indemnity had also issued a set of claims-made management liability policies covering directors and officers as well as employment…
Aon trial settles insurance premiums using stablecoins
“Our leading institutional infrastructure enables institutions to seamlessly execute payments and power their crypto businesses,” said Brett Tejpaul, Co-CEO of…
US court rules AI chat logs not protected by attorney-client privilege
31 AI documents became evidence Source link
W. R. Berkley names new president of Berkley Southeast
Miller joins the company with more than 25 years of experience in the insurance industry, particularly in commercial operations, underwriting,…
Kansas storm insurance payouts nearly double to $879 million
Fewer claims but higher amounts per loss Source link
The Plateau Group rebrands as Lumos Insurance
History of Lumos Insurance The company traces its roots to 1981, when it was created by a group of Tennessee…
Kansas City Life returns to profit in fourth quarter – but takes hit for full-year
Insurer ended the year with a $20.8 million net loss Source link
Specialty insurance enters era of “micro-cycles” as risk complexity grows: Ascot COO
Rising risk complexity fueling specialty growth Despite intensifying competition, Johnson expects specialty insurance markets to continue expanding as businesses face…
Insurance broker consolidation continues – but is growth harder to find?
Leavitt Group executive says organic expansion across the sector is slowing Source link